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| Multinational goods procurement fair opens today in Shanghai |
| CCTV.COM 2003-07-29 09:07:23 |
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The 2003 Shanghai Multinational Goods Procurement Fair is set to open on Tuesday. Organizers of this event say the fair has attracted the participation of 88 companies, and 76 of them are multi－nationals.
At the fair site, multinational retail chains like Auchan, Carrefour and Parkson, and auto manufacturing giants like General Motors and Ford have all set up booths for the procurement of goods from local suppliers.
"Major multinational buyers around the world are all bullish on the Shanghai market. Among the 76 multinational businesses participating in the fair, 40 percent of them are Fortune 500 companies," said Xie Zhen, deputy general manager of Shanghai Multinational Procurement Center Co. Ltd..
In order to facilitate transactions among fair participants, organizers of the fair have opened a web－site for both suppliers and buyers. At present, 72 multinational buyers have publicized the list of goods they want to procure. They have also expressed their intention to purchase more than 3,000 types of products from local suppliers.
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Editor: Xiao Wei CCTV.com
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